Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $233,750.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,675 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $50.00, for a total value of $233,750.00. Following the completion of the sale, the insider directly owned 9,600 shares of the company’s stock, valued at $480,000. This trade represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $55.35 on Friday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $42.81 and a 52 week high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $56.64 and its 200-day simple moving average is $77.67. The firm has a market cap of $10.38 billion, a PE ratio of 325.59 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the previous year, the company posted $0.12 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KTOS. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group set a $80.00 price objective on Kratos Defense & Security Solutions in a report on Sunday, May 10th. Wedbush began coverage on Kratos Defense & Security Solutions in a research report on Tuesday. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Piper Sandler cut their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $100.44.

Kratos Defense & Security Solutions News Summary

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos won an approximately $36 million sole-source contract for a new air defense missile system, adding a near-term revenue catalyst and reinforcing its position in defense modernization. Article Title
• Positive Sentiment: Wedbush upgraded Kratos Defense & Security Solutions (KTOS) to Strong Buy, which boosted investor confidence in the stock’s longer-term outlook. Article Title
• Positive Sentiment: Broader defense-sector enthusiasm, including renewed attention on drone and missile-defense names, has helped support sentiment in KTOS. Article Title
• Neutral Sentiment: Insiders Steven Fendley, Deanna H. Lund, and Stacey Rock disclosed stock sales, but each transaction was made under pre-arranged 10b5-1 plans, making them less informative about operational prospects. Article Title

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $25,000. Atlantic Union Bankshares Corp boosted its position in shares of Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 380 shares during the period. Vision Retirement LLC boosted its position in shares of Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 317 shares during the period. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $31,000. Finally, Murphy & Mullick Capital Management Corp increased its holdings in Kratos Defense & Security Solutions by 115.4% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.